U.S. Banks Boosted Lending in 2nd Quarter

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

WASHINGTON--U.S. banks, facing a revenue decline and other headwinds, boosted lending in the second quarter at a pace unseen since the financial crisis, according to a government report. The Federal Deposit Insurance Corp. said banks' loan and lease balances rose ...

Oil Adds Small Gains on Russia-Ukraine Tensions

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Eric Yep Crude-oil futures rose slightly in Asian trade Friday, supported by positive U.S. economic data and escalating tensions between Russia and Ukraine. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at ...

Asian Shares Mostly Lower

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

HONG KONG--Japanese stocks fell Friday as investors digested domestic inflation data after the latest Russia-Ukraine tensions pushed the U.S. market lower overnight. The Nikkei Stock Average, which has rallied since May, was down 0.4%, as data showed Japanese prices rising ...

German July Retail Sales Post Largest Decline in Since 2012

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

FRANKFURT--German retail sales in July posted the biggest monthly decline in real terms since January 2012, the country's statistics office said Friday. Retail sales in July fell 1.4% compared with the previous month in real, calendar- and seasonally adjusted terms, ...

Thailand Industrial Production Continues to Fall

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's industrial production activity fell for the 16th consecutive month in July, government data released Friday showed--a decline driven by falling auto production and sluggish export growth. The Manufacturing Production Index (MPI), which measures the volume of ...

Italy's Unemployment Rate Rises to 12.6% in July

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Liam Moloney ROME--Italy's unemployment rate rose in July, hovering near a 40-year high, due to job losses mainly among men, while the youth jobless rate fell. The official jobless rate advanced to 12.6% in July from 12.3% the previous ...

Italy's August Preliminary CPI in First Fall Since 1959

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

ROME--Italy's consumer price index rose in August from July, driven mainly by prices in the transport sector, but fell on an annual basis for the first time in more than half a century, statistics institute Istat said Friday, raising concerns ...

Oil-Field Flows to Libya's Key Port Resume

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

Libya's largest oil port Es Sider is now receiving supplies from oil fields after the terminal resumed exports despite intense fighting in the capital of Tripoli. An oil official in Tripoli said late Thursday that the Waha Oil Co. was ...

Japan Plans Spending on Offshore Wind Power

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

Japan plans to boost spending on research and development of offshore wind power, one of the renewable-energy technologies spotlighted in Prime Minister Shinzo Abe's energy plan. The Ministry of Economy, Trade and Industry said Friday that it was seeking about ...

Brazil 2Q GDP Contracts

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

SÃO PAULO--Brazil's economy shrank 0.9% in the second quarter compared with a year ago, and 0.6% compared with the previous quarter as services, industry and investment all contracted, the country's statistics agency said Friday. Investment plummeted 5.3 in the second ...

Ukraine Accuses Russia of Invasion -- Update

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Gregory L. White in Moscow and Colleen McCain Nelson in Washington Kiev and its Western backers accused Moscow of sending Russian troops and armor to fight alongside rebels in eastern Ukraine, dimming hopes for a diplomatic solution to the ...

U.K. Consumer Confidence Builds as Economy Grows

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

LONDON--Consumer confidence edged up in the U.K. in August, driven by the fast improvement of the economy during the last year, research firm GfK said Friday. GfK's consumer confidence index increased to +1 in August from -2 in July, as ...

UK Consumer Confidence Builds as Economy Grows - GfK

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Jon Sindreu LONDON--Consumer confidence edged up in the U.K. in August, driven by the fast improvement of the economy during the last year, research firm GfK said Friday. GfK's consumer confidence index increased to +1 in August from -2 ...

European Markets Gain But Investors Remain Cautious

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

Investors adopted a cautious tone in early trade Friday, ahead of European inflation figures and after German retail data once again underscored the fragility of the continent's economic recovery. Rebounding tentatively from a drop a day earlier triggered by a ...

Ruble Plumbs New Depth as Ukraine Tensions Rise

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Andrey Ostroukh MOSCOW--The Russian ruble hit its all-time low on Friday as geopolitical conflict in eastern Ukraine intensified with the alleged participation of Russian troops. Kiev said that Russian troops entered eastern regions of Ukraine in supporting of pro-Russian ...

Swiss KOF Economic Indicator Rebounds in August

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Neil MacLucas ZURICH--Switzerland's KOF leading economic indicator gained for the second month in the past three in August, despite the sluggish recovery in the euro zone dragging on exports of Swiss goods to Europe. The index rose 1.6 points ...

EUROPE MARKETS: European Stocks Trim Gains After Inflation Data Meet Views

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- European stock markets moved higher on Friday, but trimmed gains midmorning as investors speculated whether lackluster euro-zone inflation data were weak enough to trigger more easing from the European Central Bank. The data: ...

Oil Rises on Ukraine Violence

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

By Cassie Werber LONDON--Oil prices headed higher on Friday, supported by rising tension in Ukraine. Ukraine on Thursday accused Russia of invading its territory, sending Russian troops to fight alongside rebels in eastern Ukraine. Yet the increase in prices has ...

U.S. Consumer Spending Falls

TODAY: Aug. 29, 2014 PUB DATE: Aug. 29, 2014

WASHINGTON--Household spending fell in July, a sign that cautious consumers could hold back economic growth in the second half of the year. Personal spending, which measures what Americans pay for everything from sneakers to doctor visits, declined a seasonally adjusted ...